wazua Sat, Apr 25, 2026
Welcome Guest Search | Active Topics | Log In

19 Pages«<23456>»
IMF: Kenya's economy self reliant, don't need EU
FRM2011
#31 Posted : Saturday, February 16, 2013 10:20:23 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
guru267 wrote:
Ngong wrote:
guru267 wrote:
Who are Kenya's biggest tax payers that finance our budget?? Isn't it BAT, Vodafone, Diageo, Lafarge?? Isn't it exporters like KQ??

Who are the biggest buyers of CBK bonds?? Isn't it Barclays & Stanchart!

When sanctions hit and the above are banned from operating what exactly will sustain the economy?


Do BB-UK & STANCHART make same profits in their countries like they do in kenya?
It's our money those companies are proud off.
We are the customer & l believe u know the value of the customer in any business.


Lets talk real numbers!!

Barclays Kenya makes 9billionkshs($100million) net profit while Barclays UK makes 400billionkshs($4.6billion) net profit... We only contribute a tiny tiny 2% to the parents earnings Sad

This simply means that even though the Kenyan subsidiary was wiped off the earth today Barclays UK wouldn't even announce a profit warning!


Thanks@guru267 for debunking this myth. The lie has been repeated so many times it is unbelievable. Ati kenya's economy is robust while europe is collapsing. The largest banking group in africa is the standard bank(stanbic). A while back their CEO was saying that their contribution to the parent was negligible; in his own words "it gets lost in translation"
Cde Monomotapa
#32 Posted : Saturday, February 16, 2013 11:05:18 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Foreign Govt. Aid is as busted as Austerity measures. Get used to it.
Sufficiently Philanga....thropic
#33 Posted : Saturday, February 16, 2013 11:26:41 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
We look neither East nor West. We look forward.
- Kwame Nkurumah!
@SufficientlyP
Sufficiently Philanga....thropic
#34 Posted : Saturday, February 16, 2013 11:29:02 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
The Greatest asset you have is your brain.
- @Sufficient

#Makingmoney2013
@SufficientlyP
Nabwire
#35 Posted : Sunday, February 17, 2013 4:34:22 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
You didnt answer my original question, you just danced around it with irrelevant stats. Question was you want them to stay so that they can milk us and pay taxes? This is not a popularity contest, just answer the question directly, your irrelevant stats only amuse people like Mathenge. I dont know where Economics 101 fits into this, these companies are in Kenya because they are making profits. If they are forced to leave ( unlikely) someone else will reap those profits,unless you are implying that Kenyan companies are not capable of paying taxes, in which case thats a question of enforcement. Stop being so blindwashed by western propaganda, you would make more sense if you argued that sanctions will slow down FDI flows but taxes? And who said we have to import clothes? How will sanctions affect how I send money home? I hope you know that I can easily send an ATM card to someone in Kenya, and incurr a $3 charge everytime they withdraw money from Kenya, so how exactly will money flows be affected? Dont just spew irrelevant rhetoric!!
tycho
#36 Posted : Sunday, February 17, 2013 7:43:25 AM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
I suspect some of us didn't see Drucker's quote by admin, yesterday.

'The aim of business is marketing and innovation'. So I am surprised by this talk of 'foreign' companies doing this and that, sanctions, and elections.

Why? It seems some of us have been appointed prefects by the west!
jonna
#37 Posted : Sunday, February 17, 2013 8:02:21 AM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
guru267 wrote:
Who are Kenya's biggest tax payers that finance our budget?? Isn't it BAT, Vodafone, Diageo, Lafarge?? Isn't it exporters like KQ??

Who are the biggest buyers of CBK bonds?? Isn't it Barclays & Stanchart!

When sanctions hit and the above are banned from operating what exactly will sustain the economy?


I always say that as long as those laws that were crafted by the colonial government that up to date help cater for these multinational companies in Kenya are abolished or rather changed, then sanctions shouldn't be a big deal because there are lots of ways to make money. Example, BAT monopoly, its not that we ( I ) can't produce and sell our cigarettes but if that law was amended to give us the opportunity to do business, you can only imagine where we would be especially if you take into consideration that we are not a welfare nation although we are trapped into their ploys with their foreign aid.

Note: Am only giving an example using BAT so for those who are morally conservative on the issue

http://www.ncbi.nlm.nih.gov/pubmed/17297056

"The law was actually drafted by us but the Government is to be congratulated on its wise actions": British American Tobacco and public policy in Kenya.

On intellectual property ownership, there is a book titled Armed Madhouse, authored by Greg Palast which is about the war in Iraq and how they say democracy democracy for Iraq while undoing or redoing the laws according to their own interests.


Now, this is from Kenya Industrial Property Institute and its what I call BULLSHIT!!!!

"No person resident in Kenya must, without written authority granted by the Managing Director, file or cause to be filed outside Kenya, an application for a patent for invention, unless an application for a patent for the same invention has been filed with the Institute not less than six weeks before the filing of the application outside Kenya.

A person who files or causes to be filed an application for the grant of a patent in contravention of this is liable on conviction, to a fine not exceeding twenty thousand shillings, or to an imprisonment for a term not exceeding two years, or to both".

http://www.kipi.go.ke/in...road-by-kenya-residents

Are you kidding me?? Me to ask the shitty govt of Kenya for permission when the idea is mine?? And you wonder why, after paying thousands of shillings to educate your children in computer science for the last two to four years, why their ideas/innovations are used by the likes of Safaricom, HP (Correct me if am wrong but am thinking HP put their headquarters in Kenya)etc while they are being paid nuts or the govt uses it for its own selfish use or decides to sell the idea.

One more thing on the issue of patents relating to living matter.

To be continued.
Energy.
guru267
#38 Posted: : Sunday, February 17, 2013 8:38:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Nabwire wrote:
You didnt answer my original question, you just danced around it with irrelevant stats. Question was you want them to stay so that they can milk us and pay taxes? This is not a popularity contest, just answer the question directly, your irrelevant stats only amuse people like Mathenge. I dont know where Economics 101 fits into this, these companies are in Kenya because they are making profits. If they are forced to leave ( unlikely) someone else will reap those profits,unless you are implying that Kenyan companies are not capable of paying taxes, in which case thats a question of enforcement. Stop being so blindwashed by western propaganda, you would make more sense if you argued that sanctions will slow down FDI flows but taxes? And who said we have to import clothes? How will sanctions affect how I send money home? I hope you know that I can easily send an ATM card to someone in Kenya, and incurr a $3 charge everytime they withdraw money from Kenya, so how exactly will money flows be affected? Dont just spew irrelevant rhetoric!!


@Nabwire just who will replace the kshs115billion paid by the top ten tax payers!

If the US government stops you from sending money to Kenya, trust me you will not send a dime!

The reason GOK lets these guys milk us dry is simply because we cannot setup rival companies ourselves and they desperately need the tax that these guys pay!

I didn't say we have to import clothes I said we do not have a choice but to import clothes.. Even mitumba is imported!

If exporters can't export, if importers can't import, if foreign multinationals leave, if they are no remittances, if you and I have no jobs then who exactly will pay taxes???

So yes not only FDI but also taxes are affected with sanctions!
Mark 12:29
Deuteronomy 4:16
guru267
#39 Posted : Sunday, February 17, 2013 8:49:32 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
guru267 wrote:
murchr wrote:
Remember they danced with Gadaffi and even awarded his son with degrees from their best schools yet he dint step in any of the classes, even with those treaties in place.


I'm sorry... In which court of law was court was Gaddafi charged while they danced with him??

This was actually the beginning of the end for Gaddafi!
www.nytimes.com/2011/06/...africa/28libya.html?_r=0

Sound similar??



Madam, if the people of Libya had not rebelled, Gadaffi would still have been President. Even Museveni was once a dictator and now he is the "best" leader in EA.

http://www.guardian.co.u...fice-oxford-gaddafi-son

http://www.dailymail.co....hief-Howard-Davies.html

Stop acting like you live in mars. Welcome to plannet Earth my sisto Laughing out loudly


@murchr I'm a little confused!

What does LSE have to do with the British government??

Why was there a lot of distaste in the relationship LSE had with Gaddafi's son??
Mark 12:29
Deuteronomy 4:16
murchr
#40 Posted : Sunday, February 17, 2013 5:35:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
guru267 wrote:


@murchr I'm a little confused!

What does LSE have to do with the British government??

Why was there a lot of distaste in the relationship LSE had with Gaddafi's son??


Let me quote wikipedia
Quote:
The private commercial arrangement was made by Gaddafi. According to WikiLeaks, American diplomats were told in September 2009 that they were “co-operating with the U.K. government and the London School of Economics, among other U.K. institutions, on an exchange program to send 400 people to London for leadership and management training." Professor Francis Terry, Dept of Public Management, was academic director for the Libya programme and Julius Sen, LSE Enterprise, the co-director. Professor Terry described his involvement as "a very stimulating experience." According to press reports, references to the program on LSE's website have subsequently been removed.


Isnt it eye opening enough that an institution like LSE would work with Gaddafi even when the man had refused to honor summons at the Hague? Please try to find out more about this world. You still have alot to learn.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
19 Pages«<23456>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.